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McGriff, Seibels & Williams to acquire Caledonian Insurance Group
BIRMINGHAM, Ala. – McGriff, Seibels & Williams Inc., a subsidiary of BB&T Insurance Holdings, said today it will expand its property and casualty insurance products with the acquisition of Caledonian Insurance Group Inc. of Mercer Island, near Seattle.
Established in 1988, Caledonian specializes in insurance brokerage services for the aviation industry, including regional airlines, cargo airlines, rotor wing operations, fixed wing charter operations, corporate aircraft, airports, fixed-base operators, aircraft component manufacturers, aircraft lessors and international operators. The agency has 24 employees with a branch office in Honolulu.
The transaction was completed April 1. The terms were not disclosed.
“We look forward to expanding our aviation specialty business by joining McGriff and BB&T,” said Jeremy McCaslin, president, Caledonian Insurance Group Inc. “This will be beneficial for both our employees and our many valued clients.”